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2000-11-08 CC
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2000-11-08 CC
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2/9/2007 2:59:49 PM
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2/9/2007 12:24:07 PM
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<br />The subject property is a rambler style. According to county data, this property has 1,056 square feet <br />and was constructed in 1979. There is a full basement, and it is not known if it is finished. The <br />house is assumed to be in good condition. The assessed market value is $96,800. This property was <br />last purchased in 1987 for $69,900. <br /> <br />This was more difficult to estimate value, as there are many unknowns about the interior of the <br />subject. We do not know how many bathrooms, or how much basement finish that there is. Again, <br />we have assumed the interior to be in good condition. Therefore, we have not attempted to adjust <br />comparables for differences, and fortunately, there were similar properties that could be located. <br />One similar property is 1716 Heritage, in Centerville. This property sold for $131,000 in 4/00. It <br />had 1,187 s.f., was constructed in 1963, and has a full basement. Another similar property is 7232 <br />Mill Road, Centerville. This property sold for $133,000 in 6/00. This was constructed in 1980, had <br />1,008 s.f., half of the basement area was finished, and it was located on a heavily wooded lot. It had <br />new flooring throughout. Another property is 1963 72nd St., Centerville. This sold for $137,000 in <br />5/99, and therefore would require an adjustment for the passage of time. This was constructed in <br />1991, has 1,120 s.f., a newer finished walk-out basement, and newer carpet and interior paint. The <br />final similar property is located at 1568 Peltier Lake Dr. This sold for $140,000 in 5/00. This was <br />constructed in 1982, has 1,104 s.f., and a full unfinished basement. There wooded lot has a lake <br />view to Peltier Lake. With the information known about the subject property, all of these <br />comparables support an estimated value range for the subject from $130,000 to $140,000. <br /> <br />Please feel free to call me should you have any questions related to this analysis. <br /> <br />Sincerely, <br /> <br />
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